Analytics News and Market Forecast

From fundamental point of view
UBS made a forecast for EUR/USD based on fundamental news event which was yesterday:
"The overall reaction to the FOMC decision yesterday has been relatively muted considering this was one of the biggest events of the year. The market's focus can now shift elsewhere, and with concerns over China's economy and a lack of confidence from the Fed, equities should remain under pressure. The possibility of easing from the ECB in October should cap the upside in EURUSD."
From the technical point of view


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Daily price is on bullish market condition for secondary ranging between the following support/resistance levels: Intermediate s/r levels for this pair on the way to the key s/r are the following: 1.1440 resistance and 1.1131 support level.

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Digitsy Inc. announced cloud based service namely EscrowBytes. This service is going to enable any person with phone to make money by selling videos to news institutions around the world. The posters do not need credit card or bank account to get paid because they will get paid before buyer gets the video:

"No need for a credit card or bank account. You get paid before buyer gets your video. Upload a video, EscrowBytes will do the rest."
"EscrowBytes reduces the risk of fraud for both buyers and sellers. As a trusted third party, EscrowBytes stores digital video files uploaded by sellers, and releases those files to buyers after payment is confirmed. The process is very fast, allowing real time processing of breaking news stories from around the world."


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Ichimoku analysis.
Weekly price is on ranging market condition floating to be inside Ichimoku cloud on the border between the primary bullish and the primary bearish trend on the chart. The key reversal s/r levels for the price to choose the direction are the following: 2132.59 key bullish resistance level and 1863.12 key bearish support level. I think the price will be floating within those leevls for ranging untill one of the level will be broken and the direction of the trend will be well-chosen one.
Pivot Points.
The price is moved to be around Central YR1 Pivot at 1963.05 between the bullish/bearish area on the chart:
descending triangle pattern was formed by the price at 1863.12 support on the way to S1 YR1 Pivot bearish target at 1832.78;


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Ichimoku analysis.
Weekly price is on bearish ranging market condition within 1077.19 key support level and 1170.06 key resistance level. Both levels are located to be below Ichimoku cloud in the bearish area of the chart. The symmetric triangle pattern was broken by price from below to above for 1170.06 as a next target. Chinkou Span line is located below the price indicating the ranging bearish condition by direction.
Pivot Points.
The price is below Central YR1 Pivot at 1237.48 with S1 YR1 Pivot at 1082.97 as the next bearish target. If the price breaks this S1 YR1 Pivot at 1082.97 so the bearish trend will be continuing; if the price breaks Central YR1 Pivot at 1237.48 from below to above - we may see the reversal of the price movement to the primary bullish condition with the secondary ranging.
Instrument
S1 Pivot
Yearly PP
R1 Pivot
XAU/USD
1082.97
1237.48


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Ichimoku analysis.
Weekly price is on ranging market condition within the following key s/r levels:
42.18 key support level located far below Ichimoku cloud in the bearish area of the chart;
69.57 key resistance level located inside Ichimoku cloud in the ranging bullish area of the weekly chart.
Chinkou Span line is below the price indicating the ranging market condition to be continuing by the direction. Absolute Strength indicator is estimating the secondary ranging to be continuing.


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W1 price is floating to be below 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bearish market condition with the secondary ranging within 1.5164 Fibo support level and 1.5929 Fibo resistance level:
38.2% Fibo support level at 1.5454 is going to be crossed by the price from above to below;
RSI indicator is estimating the ranging market condition to be continuing.
If the price will break Fibo support level at 1.5164 so the bearish market condition will be continuing to be out of ranging zone.
If the price will break Fibo resistance level at 1.5929 from below to above so we may see the reversal of the price movement to the primary bullish market condition.


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M5 price is located below SMA with period 100 (100-SMA) and below SMA with the period 200 (200-SMA) for trying to break descending triangle patterns with 119.81 support level and 119.69 support level. The key reversal resistance level is 120.36 located near and above 100-SMA/200-SMA in the primary bullish area of the chart.
If the price will break 120.36 resistance level so we may see the reversal of the price movement to the primary bullish market condition with secondary ranging.
if price will break 119.69 support so the bearish trend will be continuing.
if not so the price will be ranging within the levels.
Resistance


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W1 price is above 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bullish market condition with the secondary ranging within Fibo support level at 180.37 and Fibo resistance level at 195.87:
38.2% Fibo support level at 186.29 crossed by the price from above to below with 23.6% Fibo support level as the next target;
RSI indicator is estimating the secondary correction to be started.
If the price will break Fibo support level at 180.37 so we may see the secondary correction to be started with the good possibility for the price to be reversed to the bearish market condition.
If the price will break Fibo resistance level at 195.87 from below to above so the primary bullish condition will be continuing.


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W1 price is above 200 period SMA (200-SMA) and 100 period SMA (100-SMA) for the primary bullish market condition with secondary ranging between 23.6% Fibo support level at 2.3791 and Fibo resistance level at 2.5192.

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